Reds To Sign Ryan Madson

If any doubt remained about the Reds' intentions for the 2012 season, it has now disappeared — they're going for it. GM Walt Jocketty continued adding to his new-look pitching staff by officially agreeing to terms with Ryan Madsonon a one-year, $8.5MM deal. Scott Boras represents the right-hander, who will become the closer in Cincinnati's bullpen.

The contract includes incentives and a 2013 mutual option. Madson will earn $6MM in 2012 and the deal includes an $11MM option with a $2.5MM buyout for 2013.

Madson posted a 2.37 ERA with 9.2 K/9, 2.4 BB/9 and a 48.8% ground ball rate in 60 2/3 innings for the Phillies in 2011. The 31-year-old saved 32 games in his first full season as a closer.

Madson could cash in next offseason if he repeats his 2011 performance in Cincinnati. He appeared to be close to signing a $44MM contract with the Phillies early in the offseason, but talks fell through and Jonathan Papelbon signed in Philadelphia, leaving Madson in a market that has slowed down for relievers.

Francisco Cordero had been talking with the Reds throughout the offseason, but it seems unlikely that he'll return to Cincinnati at this point.